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| Exchange Disseminated Time | With reference to the earlier letter dated March 31, 2015 wherein the Bank had informed that the Managing Director & CEO, as per the authority delegated by the Board, has approved to conduct the Extraordinary General Meeting of the Bank on April 30, 2015 for obtaining the consent of the shareholders to make preferential allotment of 4,00,00,000 equity shares of the Bank to M/s Life Insurance Corporation of India (LIC).
In this connection, Canara Bank has now informed BSE as under:
- The Relevant Date is March 31, 2015 - (in terms of SEBI-ICDR Regulations);
- The Bank has fixed a minimum Issue Price at Rs. 380.08 calculated in accordance with the Regulation 76 (1) of SEBI-ICDR Regulations for the proposed issue of equity shares to Life Insurance Corporation of India by way of Preferential Allotment. |
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